Finance

Cinnaire provides housing funds for projects in Michigan, Illinois designed for residents with special needs

Cinnaire closed the Cinnaire Fund for Housing Partnership 42, a $190 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. This milestone will support the creation…

Detroit’s District Capital closes $14.5 million loan for mixed-use property

Dave Dismondy with District Capital closed a $14.5 million acquisition loan on an 80,000-square-foot mixed-use property in a walkable downtown Midwest community. The correspondent life…

Waterton closes on $16 million preferred equity investment in the Residences at Eastbank in Aurora

Waterton closed on a $16 million preferred equity investment for the development of the Residences at Eastbank, a five-story, 258-unit, mid-rise apartment building at 100…

KeyBank Community Development provides $15.5 million construction loan for two-site affordable housing project in Toledo

KeyBank Community Development Lending and Investment provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit…

Merchants Capital provides more than $88 million in financing for 192-unit multifamily community in Council Bluffs

Financial-services provider Merchants Capital secured more than $88 million in financing for Union at Bluffs Run, a new 192-unit affordable housing community in Council Bluffs, Iowa. The…

Chicago-based Cresa names chief financial officer

Chicago-based Cresa appointed Tracey Luehring as Chief Financial Officer. With a proven track record of successful financial leadership, Luehring will oversee Cresa’s finance team, playing a…

BWE provides more than $49 million in permanent financing for CRE properties in Wichita, Madison

BWE secured $36.132 million in permanent financing for Heyday Sun Prairie, a 170-unit, Class-A build-for-rent community in Sun Prairie, Wisconsin, part of the Madison metropolitan…

Minneapolis’ PACE Loan Group adds capital markets expert, financing professional

Experienced C-PACE and financing professional Peter Grabell and capital markets expert Eizaan Khan have joined PACE Loan Group in Minneapolis. Grabell will work in a…

A new normal in the world of commercial finance?

We’ve all heard it: survive until 2025. There is certainly truth to that phrase, as the overall commercial real estate landscape looks to be stabilizing…

Associated Bank closes $60 million construction loan for 324-unit affordable-housing project in Austin market

Associated Bank as lead arranger and administrative agent completed a $60.472 million construction loan for Dominium. This national developer is creating a 324-unit affordable-housing project,…

Finance

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